On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a fine-tuning 5-day Variable Rate Repo (VRR) auction worth Rs 75000 crore for the fortnight beginning March 24, 2023 instead of the main operation of a 14-day variable rate Repo/ Reverse Repo auction. Powered by Capital Market … Read more
Share to WeChat Open WeChat, click “Discovery” at the bottom,Use “scan” to share the webpage to Moments. China Business News 2023-03-24 13:13:36 Editor in charge: Zhang Minkai On the 23rd local time, the Swiss National Bank announced an interest rate hike of 50 basis points to 1.5% in response to rising inflationary pressures. In addition, … Read more
India’s rate-setting committee has “enough valid reasons” to pause hikes when it meets next in April, as risks to economic growth become more acute in the aftermath of the global banking crisis, ICICI Securities Primary Dealership said on Friday. Market participants and analysts broadly expect a rate hike of 25 basis points (bps) on April … Read more
Finance minister Nirmala Sitharaman has called a special meeting of state-run lenders later this week to seek their views on heightened global concerns over the banking system’s vulnerability due to monetary tightening. The finance minister will also assess the performance of public sector banks (PSBs) as FY23 draws to a close, besides their capital requirements, … Read more
Reserve Bank Governor Shaktikanta Das on Wednesday stressed the need for augmenting the central bank’s existing computing infrastructure supported by cutting-edge facilities for research and capacity building in emerging areas. In his remarks after laying the foundation stone for a greenfield data centre and enterprise computing & cybersecurity training institute in Bhubaneswar, Das acknowledged the … Read more
The eyes will be riveted on Wednesday on the American central bank, which ends its meeting and will say if it raises its rates, at a time when confidence seems to be returning to the stock markets and markets after two weeks of turbulence in the banking sector. The powerful Fed is faced with a … Read more
Banque Misr and Al-Ahly of Egypt will start disbursing the dues of the 18 certificates, with the entry into a working day tomorrow, Wednesday, March 22, after the completion of their one-year deadline. The two banks issued the 18% certificates after an extraordinary meeting of the Monetary Policy Committee at the Central Bank on March … Read more
The American government intervened to guarantee the deposits of bankrupt banks but has since sought to avoid any parallel with the bailouts of 2008, which had earned virulent criticism from George Bush and Barack Obama. The US Treasury and the deposit insurance agency, the FDIC, decided on March 12 to cover all deposits at Silicon … Read more